Opinion, commentary and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day.
Making the best of a bad situation
February 20, 2008
Accrued Interest, a blog written by a bond trader, notes that Ambac doesn't really have much choice but to break itself up -- as painful as the process will inevitably be.